The Duckhorn Portfolio, Inc. (NYSE:NAPA – Get Free Report) shares fell 3.8% on Friday after Barclays lowered their price target on the stock from $16.00 to $14.00. Barclays currently has an overweight rating on the stock. Duckhorn Portfolio traded as low as $10.63 and last traded at $10.70. 470,217 shares were traded during mid-day trading, a decline of 22% from the average session volume of 602,893 shares. The stock had previously closed at $11.12.
NAPA has been the topic of a number of other reports. BMO Capital Markets initiated coverage on shares of Duckhorn Portfolio in a report on Tuesday, September 5th. They set a “market perform” rating and a $14.00 target price on the stock. Royal Bank of Canada cut their price objective on shares of Duckhorn Portfolio from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Monday. JPMorgan Chase & Co. dropped their target price on shares of Duckhorn Portfolio from $18.00 to $17.00 in a report on Monday, June 5th. Finally, Bank of America lowered their price objective on Duckhorn Portfolio from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, August 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.63.
Institutional Investors Weigh In On Duckhorn Portfolio
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Duckhorn Portfolio by 20.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,269,380 shares of the company’s stock valued at $61,607,000 after buying an additional 729,309 shares in the last quarter. BlackRock Inc. boosted its stake in Duckhorn Portfolio by 17.3% in the second quarter. BlackRock Inc. now owns 3,659,341 shares of the company’s stock worth $47,462,000 after buying an additional 539,940 shares in the last quarter. Wasatch Advisors LP boosted its stake in shares of Duckhorn Portfolio by 0.6% during the first quarter. Wasatch Advisors LP now owns 3,094,314 shares of the company’s stock valued at $49,200,000 after purchasing an additional 17,643 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Duckhorn Portfolio by 658.5% during the second quarter. Goldman Sachs Group Inc. now owns 2,592,582 shares of the company’s stock valued at $33,626,000 after purchasing an additional 2,250,778 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Duckhorn Portfolio by 46.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,443,837 shares of the company’s stock valued at $31,697,000 after purchasing an additional 770,420 shares during the period. Hedge funds and other institutional investors own 95.65% of the company’s stock.
Duckhorn Portfolio Stock Performance
The company has a quick ratio of 1.18, a current ratio of 5.45 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.23 billion, a P/E ratio of 18.53, a P/E/G ratio of 2.53 and a beta of 0.16. The business has a fifty day moving average of $12.33 and a 200 day moving average of $13.53.
Duckhorn Portfolio Company Profile
The Duckhorn Portfolio, Inc produces and sells wines in North America. It offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. The company sells wines to distributors, and directly to retail accounts and consumers.